Global Economy

Budget Battles

  • Senator Ben Cardin (D-MD) arrives at Democratic Party caucus meeting on Capitol Hill in Washington, U.S., January 19, 2018. REUTERS/Yuri Gripas/ File Photo

    Factbox: What happens in a U.S. government shutdown?

    By Richard Cowan and Susan Cornwell and Amanda Becker and Richard Cowan and Susan Cornwell and Amanda Becker, Reuters

    In shutdowns, nonessential government employees are furloughed, or placed on temporary unpaid leave. Workers deemed essential, including those dealing with public safety and national security, keep...

  • FILE PHOTO: Senator John Barrasso (R-WY) speaks during a press conference on Capitol Hill in Washington, U.S., September 12, 2017. REUTERS/Joshua Roberts

    No Talk of Ousting Speaker Ryan, Key Conservative Says

    By Reuters

    Many Republicans are unhappy with the deal President Donald Trump reached last week with Democratic leaders to raise the government's debt ceiling and allow it to continue financing federal spending...

  • Venezuela's President Nicolas Maduro waves during a pro-government rally with workers of state-run oil company PDVSA, in Barcelona

    The Crisis in Venezuela Could Send Oil Prices Soaring

    By Nick Cunningham, Oilprice.com

    Venezuela’s deteriorating crisis is “going to be the biggest geopolitical story to watch in the oil markets," according to Helima Croft of RBC Capital Markets. The economic, political and security...

  • FILE PHOTO: Arellano, deputy of the Venezuelan coalition of opposition parties (MUD), clashes with national guards during a rally against Venezuela's President Nicolas Maduro's government in Caracas

    The Risk That Could Drive Oil Prices Higher in a Hurry

    By Nick Cunningham, Oilprice.com

    The latest rally in oil prices ran up against a wall yet again, and the same fears about oversupply have not receded in the slightest. The expectation from most oil analysts is that there is very...

  • Emmanuel Macron, head of the political movement 'En Marche!', or 'Onwards!', and candidate for the 2017 presidential election, delivers a speech as he attends a meeting for Women's day in Paris, France

    France Just Made a Big Move Toward a Green Energy Future

    By Bate Felix and Simon Carraud, Reuters

    France aims to end the sale of gasoline and diesel vehicles by 2040 and become carbon neutral 10 years later, Ecology Minister Nicolas Hulot said on Thursday at a presentation of measures to keep up...

  • Russian President Vladimir Putin (L) and Crimean Prime Minister Sergei Aksyonov attend a festive concert marking the first anniversary of the Crimean treaty signing in central Moscow, March 18, 2015. REUTERS/Maxim Shipenkov/Pool

    Ukraine peace outlook is bleak: OSCE official

    By Reuters

    Swiss diplomat Heidi Tagliavini, the Organization for Security and Cooperation in Europe's envoy to the Trilateral Contact Group that includes senior representatives from Ukraine and Russia, said...

  • People walk past the new ECB headquarters in Frankfurt December 4, 2014. REUTERS/Kai Pfaffenbach

    ECB dips toe into dead sea of rebundled debt

    By John O'Donnell and Eva Taylor, Reuters

    FRANKFURT (Reuters) - The European Central Bank is set to embark this week on a scheme to buy the kind of rebundled debt that sparked the global economic crash. With sparse investor interest its...

  • Steve Mollenkopf, CEO of Qualcomm, responds to a question during the 2014 Consumer Electronics Show (CES) in Las Vegas, Nevada, January 6, 2014. REUTERS/Steve Marcus

    China Premier says Qualcomm's 'opportunities greater than challenges'

    By Noel Randewich and Paul Carsten, Reuters

    WUZHEN China (Reuters) - Qualcomm Inc's opportunities in China will be far greater than its challenges, Premier Li Keqiang said Thursday as the U.S. mobile chipmaker prepares to face a possible...

  • File photo of a street seller counting Russian roubles at his shop in Sevastopol

    Special Report: Crimean savers ask: Where's our money?

    By Steve Stecklow and Elizabeth Piper and Oleksandr Akymenko, Reuters

    SIMFEROPOL Crimea (Reuters) - Outside a high-rise building on the outskirts of this disputed region's capital, a steady stream of frustrated residents exited a government office, clutching folders of...

  • The BMW badge is shown on the BMW X6M during the model's world debut at the Los Angeles Auto Show in Los Angeles, California November 19, 2014. REUTERS/Lucy Nicholson

    BMW China CEO sees margins narrowing, expects to beat market

    By Samuel Shen and Kazunori Takada, Reuters

    GUANGZHOU China (Reuters) - BMW's China head expects profit margins to narrow as the German premium automaker steps up localization to maintain double-digit growth amid slowing demand and tougher...